Strategy Shares Drop 4% After MSCI Flags Possible Index Removal

The post Strategy Shares Drop 4% After MSCI Flags Possible Index Removal appeared first on Coinpedia Fintech News

Shares of Strategy, the largest corporate holder of Bitcoin, fell 4% after index provider MSCI warned the company could be removed from one of its global indices. Exclusion from a major MSCI benchmark would force passive funds that track the index to sell the stock, potentially triggering outflows worth billions of dollars. MSCI has been …